The Bolivian president has nationalised the country's leading telecommunications company and announced plans to return four foreign-owned gas companies to state control.

Evo Morales declared plans to buy back a majority of Entel last year, but negotiations with parent company Telecom Italia delayed the move.


Morales, who had accused the co[...]

By: Sorcha Faal, and as reported to her Western Subscribers

In one of Venezuela President Hugo Chavez’ most defiant moves against the United States, and the US Dollar the South American populist leader has successfully engineered one of the most stunning economic achievements against Western influence among Latin American Nations by the establishme[...]

Oct. 7 (Bloomberg) — Venezuela, the fourth-biggest supplier of crude oil to the United States, said its proven oil reserves have risen to 100 billion barrels.

The energy and oil ministry said it has certified 12.4 billion additional barrels of proven reserves in the country's Faja del Orinoco region, where the government assumed control of oil ventures with[...]